IBK launches roadshows

Presentations begin in London tomorrow (Friday) for a $350 million three-year fixed rate deal.

The Industrial Bank of Korea IBK is bringing is long-awaited dollar deal, embarking on a back-to-front roadshow schedule, which sees it start in Europe on Friday, before moving to Singapore on Monday, Hong Kong Tuesday and then pricing Wednesday.

There are now three leads, Credit Suisse First Boston, Goldman Sachs and Salomon Smith Barney, with no other syndicate members. Back in May, the deal was originally mandated to CSFB and Merrill Lynch, but the latter subsequently departed after being disciplined...